Reports Q3 revenue $1.53B, consensus $1.49B. Comparable retail segment net sales increased 12.5% at Urban Outfitters (URBN), 7.6% at Anthropologie and 4.1% at Free People. “We are pleased to report record revenues, profits, and earnings per share for the quarter,” said Richard Hayne, CEO. “Trends observed last quarter have remained consistent with broad-based comparable sales growth and robust results in the Retail, Subscription, and Wholesale segments. These results underscore the strength of our diversified business model, which enables us to continue capturing market share, and drive consistent long-term growth,” finished Hayne.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URBN:
- Urban Outfitters options imply 8.8% move in share price post-earnings
- Is URBN a Buy, Before Earnings?
- Urban Outfitters price target lowered to $70 from $79 at UBS
- Urban Outfitters: Hold Rating Amid Slowed Growth and Market Uncertainties
- Urban Outfitters: Strong Q3 Prospects Amidst Cautious Hold Rating